International Business Machines Corp. (IBM) Holdings Trimmed by Union Bankshares Corp

Union Bankshares Corp lessened its stake in shares of International Business Machines Corp. (NYSE:IBM) by 81.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,728 shares of the technology company’s stock after selling 24,666 shares during the quarter. Union Bankshares Corp’s holdings in International Business Machines were worth $879,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IBM. Franklin Street Advisors Inc. NC grew its holdings in shares of International Business Machines by 23.3% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 51,327 shares of the technology company’s stock worth $7,875,000 after purchasing an additional 9,686 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in shares of International Business Machines by 1.7% during the fourth quarter. Chesley Taft & Associates LLC now owns 41,827 shares of the technology company’s stock worth $6,417,000 after purchasing an additional 701 shares in the last quarter. Hutchens Investment Management Inc purchased a new position in shares of International Business Machines during the fourth quarter worth about $2,239,000. DnB Asset Management AS grew its holdings in shares of International Business Machines by 109.2% during the fourth quarter. DnB Asset Management AS now owns 957,110 shares of the technology company’s stock worth $146,840,000 after purchasing an additional 499,574 shares in the last quarter. Finally, New England Research & Management Inc. grew its holdings in shares of International Business Machines by 14.2% during the fourth quarter. New England Research & Management Inc. now owns 10,853 shares of the technology company’s stock worth $1,665,000 after purchasing an additional 1,350 shares in the last quarter. 58.78% of the stock is owned by institutional investors and hedge funds.

Shares of International Business Machines Corp. (NYSE IBM) opened at $156.18 on Monday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. International Business Machines Corp. has a 12-month low of $139.13 and a 12-month high of $182.55. The firm has a market capitalization of $144,590.09, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. During the same quarter in the previous year, the company posted $5.01 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. equities research analysts forecast that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a $1.50 dividend. The ex-dividend date is Thursday, February 8th. This represents a $6.00 annualized dividend and a yield of 3.84%. International Business Machines’s payout ratio is currently 98.20%.

In other International Business Machines news, Director Frederick H. Waddell bought 610 shares of International Business Machines stock in a transaction dated Wednesday, January 31st. The shares were purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is currently owned by insiders.

IBM has been the subject of several recent analyst reports. Vetr raised International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price objective for the company in a report on Wednesday, November 15th. Zacks Investment Research lowered International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Societe Generale set a $149.00 price objective on International Business Machines and gave the stock a “sell” rating in a report on Friday, January 19th. Cantor Fitzgerald reissued a “hold” rating and set a $152.00 price objective on shares of International Business Machines in a report on Friday, January 19th. Finally, Morgan Stanley boosted their price objective on International Business Machines to $198.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $164.37.

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International Business Machines Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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